Troy, NY 12182 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Troy, NY—12182

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$254,000

4.0% YoY Growth

Household Income

$54,700

16.3% YoY Growth

Days on Market

23.0% Longer YoY

Home Price Forecast

2.0%

Median Rent

$1,330

2.2% YoY Growth

1-Bed Rent

$1,150

5.7% YoY Growth

2-Bed Rent

$1,350

0.7% YoY Growth

3-Bed Rent

$1,700

28.0% YoY Growth

Other Zip Codes in Troy, NY

12180 12183

Home Price Trends — Troy, NY

As of Dec '25, the median home price in Troy, NY is $254,000, with a year-over-year change of 4.0%. This indicates that home prices in Troy, NY are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$254,000	4.0%
Single Family	$250,000	4.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Troy, NY

As of July '25, Rentcast reports the average rent in Troy, NY is $1,400, with a year-over-year rent change of 2.2%. Per bedroom, the median rent as of July '25 in Troy, NY is studios: $1,150, 1-bedrooms: $1,150, 2-bedrooms: $1,350, 3-bedrooms: $1,830, 4-bedrooms: $1,700. The most common rental property sizes in Troy, NY are 2-bedroom and 1-bedroom, accounting for 32.5% and 31.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,330	$1,400
Studio Rent	$1,100	$1,150
1 Bed Rent	$1,150	$1,150
2 Bed Rent	$1,350	$1,350
3 Bed Rent	$1,700	$1,830
4 Bed Rent	$1,700	$1,700

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% of Rental Stock

Studio

2.8%

1 Bedroom

31.7%

2 Bedrooms

32.5%

3 Bedrooms

25.1%

4 Bedrooms

7.4%

5+ Bedrooms

0.6%

Property Listings — Troy, NY

As of Dec '25, Realtor.com reports that the median days on market for a home in Troy, NY is 57. This is a increase of 15.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$239,000	4.0%
Listing Count	42	15.0%
Listings as % of Homes	0.5%	15.0%
Days on Market	46	23.0%

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Demographics — Troy, NY

As of the latest ACS Survey released in 2023, Troy, NY has a population of 14,300, which has decreased by -4.4% over the past 5 years. Troy, NY is a moderately popular place for families, as children make up 23.4% of the population. The area has a moderately educated workforce, with 28.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	14,300	-4.4%
% Under 18	23.4%	1.7%
% Seniors	19.5%	24.2%
% WFH	11.8%	413.0%
% w/ College Degree	28.7%	64.9%

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As of the latest ACS Survey released in 2023, Troy, NY is a predominantly white area, with 69.7% of the population identifying as white. The white population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in Troy, NY is black, making up 15.6% of the population. Foreign-born residents account for 3.1% of the population in Troy, NY, and this percentage has decreased by 16.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	69.7%	-5.6%
% Black	15.6%	19.1%
% Hispanic	7.0%	-10.3%
% Asian	0.8%	33.3%
% Foreign Born	3.1%	-16.2%

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Mortgage and Risk — Troy, NY

According to HUD data as of 2023, there were 170 mortgage originations in Troy, NY, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Troy, NY. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	170
% Conventional Loans	79.0%
% Government Loans	21.0%
% Investor Loans	3.0%
% Second Loans	1.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Troy, NY

As of 2024, the percent of homes in Troy, NY under the Section 8 program is 17.6%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Troy, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	576
Total Units Section 8	576
% Rentals under Section 8	17.6%
% Occupied Section 8	79.3%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$120	$1,150	$1,030
2 Bedroom	-$100	$1,350	$1,250
3 Bedroom	-$190	$1,700	$1,510
4 Bedroom	-$40	$1,700	$1,660

Troy, NY—12182

Key Metrics at a Glance

Other Zip Codes in Troy, NY

Home Price Trends — Troy, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Troy, NY

% of Rental Stock

Property Listings — Troy, NY

Demographics — Troy, NY

Race and Ethnicity

Mortgage and Risk — Troy, NY

Mortgages

Rentals and Section 8 — Troy, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Troy, NY

Home Price to Income Ratio

Troy, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Melrose, NY

Troy, NY

Waterford, NY

Troy, NY

Cohoes, NY

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4
Median Home Price	$254,000
Median Household Income	$54,700

Troy, NY—12182

Key Metrics at a Glance

Other Zip Codes in Troy, NY

Home Price Trends — Troy, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Troy, NY

% of Rental Stock

Property Listings — Troy, NY

Demographics — Troy, NY

Race and Ethnicity

Mortgage and Risk — Troy, NY

Mortgages

Rentals and Section 8 — Troy, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Troy, NY

Home Price to Income Ratio

Troy, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Melrose, NY

Troy, NY

Waterford, NY

Troy, NY

Cohoes, NY

Frequently Asked Questions

What is the average home price in Troy, NY 12182?

How have home prices in Troy, NY 12182 changed over the past year?

What is the home price projection for Troy, NY 12182?

What are the demographics of Troy, NY 12182?

How long does it take homes to sell in Troy, NY 12182?

What is the average rent price in Troy, NY 12182?